Sponsors
The bill improves buyer and renter safety and accountability by requiring asbestos disclosures, a pre-contract inspection window, standardized warnings, and stronger private remedies, but it raises compliance costs and timing burdens on sellers/landlords and leaves a relatively low federal penalty cap.
Purchasers and renters will receive required asbestos disclosures and any inspection reports, plus a 10-day window to obtain an inspection or risk assessment before signing, reducing surprise exposures and enabling informed decisions.
Buyers and lessees gain stronger legal remedies because the bill authorizes civil penalties, treble damages, injunctive relief, and attorney fees to hold sellers and lessors accountable for knowing nondisclosure.
All parties benefit from a standardized Asbestos Warning Statement and required acknowledgements, which create consistent, easy-to-understand consumer protections across sales and leases.
Sellers, lessors, and real estate agents face new compliance costs (inspections, disclosures, recordkeeping) and greater litigation exposure, which could raise housing transaction costs and disproportionately strain small landlords and individual sellers.
The mandatory 10-day inspection/risk-assessment period can delay closings or lease start dates, creating timing uncertainty for buyers, sellers, and lenders and potentially disrupting housing transactions.
Capping TSCA civil penalties at $10,000 per violation may limit federal enforcement deterrence compared with the new private remedies, potentially weakening a uniform federal enforcement backstop.
Based on analysis of 2 sections of legislative text.
Directs HUD and EPA to require disclosure of known asbestos and asbestos reports for dwellings built before 2019, with a 10-day inspection period, warning text, and penalties.
Introduced June 27, 2025 by Norma Judith Torres · Last progress June 27, 2025
Requires the HUD Secretary and EPA Administrator to write rules within two years that force sellers and landlords of dwellings built before 2019 to disclose known asbestos and give any asbestos hazard reports to prospective buyers or tenants before they sign contracts. The rules must allow a 10-day inspection/risk-assessment period (unless parties agree otherwise), require a standardized asbestos warning and buyer/lessee acknowledgement in sale and lease contracts, assign responsibility to agents to ensure compliance, create civil and TSCA penalties for violations, and authorize appropriations as needed.